Question

How can global operations improve the supply chain? How do global operations attract new markets? What is the difference between a firm's mission and its strategy?

Answer 1

Answer= As this is the era of globalization and the companies are looking to find the best possible way of reducing its cost of operations and finding the right location where they can connect and target their customers. Thus the concept of global operations becomes quite important. In terms of the supply chain, the global operations can help in improving the supply chain operations by allocating the resources of the supply chain in a country that has unique resources to promote the objectives and goals of the supply chain,

Answer= When it comes to international or global operations, it will need to have interaction with the customers, competitive businesses, and suppliers. It is important for international organizations to have some special chances to learn about new products and services. Global operations will make the company more proactive and vigilant.

Answer=The mission of any organization can be defined as its purposes or logic for the existence of the firm. On the other hand, the strategy of the company can be defined as the various steps and methods used by it to accomplish the fulfillment of its mission and goals.